---
schema_version: "secwatch.filing_event.v1"
accession: "0001001250-22-000168"
form_type: "8-K"
ticker: "EL"
cik: "0001001250"
company_name: "ESTEE LAUDER COMPANIES INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T11:24:08.167465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EL Q1 net sales $3.93B (-11% YoY); EPS $1.35; cuts FY2023 outlook

## Summary
- Q1 net sales $3.93B (-11% YoY); diluted EPS $1.35 (-28%); adjusted EPS $1.37 (-28% in constant currency).
- Organic net sales down 5%, inline with forecast; fragrance (+18%) and hair care (+11%) led organic growth.
- Quarterly dividend raised to $0.66/share (payable Dec 15, record Nov 30).
- Q2 guidance: reported net sales down 19-17% YoY, organic down 11-9%; adjusted EPS down 54-50% constant currency.
- FY2023 guidance lowered: reported net sales down 8-6%, organic flat to +2%; adjusted EPS down 21-19% constant currency.

## SEC filing metadata
- accession: 0001001250-22-000168
- form_type: 8-K
- ticker: EL
- cik: 0001001250
- company_name: ESTEE LAUDER COMPANIES INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001250/000100125022000168/0001001250-22-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001250/000100125022000168/el-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001001250-22-000168
- JSON: https://secwatch.observer/filing/0001001250-22-000168.json
- Plain text: https://secwatch.observer/filing/0001001250-22-000168.txt

## Key facts
- Earnings Releases
  ESTEE LAUDER COMPANIES INC reported fiscal quarter ended September 30, 2022 results: revenue $3.93 billion, net income $489 million, EPS $1.35. Guidance lowered.
  - Period: fiscal quarter ended September 30, 2022
  - Revenue: $3.93 billion
  - Net income: $489 million
  - EPS: $1.35
  - Guidance: lowered
  - Result: reported results
  source text: The Estée Lauder Companies Inc. (NYSE: EL) today reported net sales of $3.93 billion for its first quarter ended September 30, 2022, a decline of 11% from $4.39 billion in the prior-year period, including negative impacts from foreign currency. Organic net sales fell 5%, in line with the Company’s expectations, despite pressures which intensified as the quarter progressed. COVID-19 restrictions in China presented a greater challenge than expected. Tourism to Hainan was largely curtailed, which led to strict inventory management by certain retailers in travel retail, and traffic in brick-and-mortar in the rest of China was limited. These greater pressures were offset by several markets in Asia/Pacific, as well as many emerging and developed markets in the west, which delivered strong organic net sales growth. Organic net sales in both fragrance and hair care grew double digits. The Company reported net earnings of $489 million, compared with net earnings of $692 million in the prior-yea
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001250/000100125022000168/0001001250-22-000168-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.